Fidelity Covington Trust - Fidelity MSCI Real Estate Index ETF
US ˙ ARCA ˙ US3160928574

SecurityFREL / Fidelity Covington Trust - Fidelity MSCI Real Estate Index ETF
InstitutionSmith, Salley & Associates
Latest Disclosed Ownership16,854 shares
Latest Disclosed Value $ 453,545
Smith, Salley & Associates reports 1.01% increase in ownership of FREL / Fidelity Covington Trust - Fidelity MSCI Real Estate Index ETF

On April 16, 2026 - Smith, Salley & Associates filed a 13F-HR form disclosing ownership of 16,854 shares of Fidelity Covington Trust - Fidelity MSCI Real Estate Index ETF (US:FREL) valued at $453,541 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 27, 2026 disclosing 16,685 shares of Fidelity Covington Trust - Fidelity MSCI Real Estate Index ETF. This represents a change in shares of 1.01% during the quarter. The current value of the position is $495,676 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-04-16 2026-03-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 16,854 169 1.01 454 1.12 0.0228
2026-01-27 2025-12-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 16,685 -5 -0.03 449 -3.45 0.0222
2025-10-20 2025-09-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 16,690 57 0.34 464 3.34 0.0239
2025-07-17 2025-06-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 16,633 65 0.39 450 -1.32 0.0260
2025-04-25 2025-03-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 16,568 98 0.60 455 2.25 0.0298
2025-01-15 2024-12-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 16,470 -766 -4.44 445 -12.40 0.0286
2024-10-24 2024-09-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 17,236 280 1.65 508 18.41 0.0332
2024-07-29 2024-06-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 16,956 46 0.27 430 -2.72 0.0308
2024-05-02 2024-03-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 16,910 -8 -0.05 441 -2.00 0.0342
2024-01-24 2023-12-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 16,918 24 0.14 451 17.19 0.0291
2023-10-27 2023-09-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 16,894 -905 -5.08 384 -13.90 0.0285
2023-08-04 2023-06-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 17,799 1,181 7.11 447 7.99 0.0329
2023-05-03 2023-03-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 16,618 -692 -4.00 414 -3.73 0.0329
2023-02-03 2022-12-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 17,310 -943 -5.17 429 -1.83 0.0367
2022-11-01 2022-09-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 18,253 458 2.57 437 -9.52 0.0407
2022-08-01 2022-06-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 17,795 -7,358 -29.25 483 -40.74 0.0418
2022-05-10 2022-03-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 25,153 -8,770 -25.85 815 -30.81 0.0600
2022-02-10 2021-12-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 33,923 2,446 7.77 1,178 23.09 0.0834
2021-11-05 2021-09-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 31,477 4,303 15.83 957 15.72 0.0753
2021-08-09 2021-06-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 27,174 1,304 5.04 827 16.32 0.0669
2021-04-30 2021-03-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 25,870 3,902 17.76 711 27.42 0.0638
2021-01-28 2020-12-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 21,968 1,655 8.15 558 16.98 0.0565
2020-11-05 2020-09-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 20,313 4,798 30.92 477 31.40 0.0577
2020-08-04 2020-06-30 13F FIDELITY COVINGTON TR MSCI RL EST ETF 316092857 15,515 -435 -2.73 363 9.34 0.0484
2020-04-24 2020-03-31 13F FIDELITY COVINGTON TR MSCI RL EST ETF 316092857 15,950 450 2.90 332 -23.15 0.0552
2020-01-27 2019-12-31 13F FIDELITY COVINGTON TR MSCI RL EST ETF 316092857 15,500 2,464 18.90 432 18.68 0.0570
2019-10-30 2019-09-30 13F FIDELITY COVINGTON TR MSCI RL EST ETF 316092857 13,036 742 6.04 364 13.04 0.0517
2019-07-12 2019-06-30 13F FIDELITY MSCI RL EST ETF 316092857 12,294 12,294 322 0.0485
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.